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In order to increase his withholding, he needs to increase the payment of 1840?
this year Lloyd, a single taxpayer, estimates that his tax liability will be $12,400. Last year, his total tax liability was $16,600.
He estimates that his tax withholding from his employer will be $9,320.
a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty?
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